view transcript

Annie: Apple shares were up in after hours trading on Tuesday after the company posted a beat on earnings and revenue here. Three things to know. The China situation is looking a little bit better. Sales in the region fell 4% but grew on a constant currency basis and that's after calling 21% in the previous quarter. Wearables were a bright spot and services also have their strongest quarter yet sales for that segment came in at about $11 million. iPhone sales were a little bit light, that's not atypical for the June quarter, but Apple has a lot coming up in the next few months. That includes the launch of Apple Card in August, new services, um, also coming this fall, Apple TV plus and Apple Arcade and a new lineup of iPhones expected to be announced in September. Stay tuned for more at

Things are looking a bit brighter for Apple  (AAPL - Get Report) on the China front. 

For the June quarter, Apple reported a revenue decline of 4% in China, compared to a 21% decline in the previous quarter. On a constant currency basis, revenue grew slightly in the region. 

Wearables were also a bright spot in the quarter, with Apple executives saying that 75% of customers who bought an Apple watch were buying them for the first time. 

While iPhone sales looked a bit sluggish, Apple investors have a few developments to look forward to this quarter. Those include the launch of the Apple Card, launches of Apple TV+ and Apple Arcade, and a lineup of new iPhones due to be announced in September.

Watch the video above to get more insight on Apple's earnings.

Related. Apple Nears $1 Trillion as Record Q3 Services Revenues Offset iPhone Weakness

Related. Jim Cramer: What's Apple Worth? Here's What I Think

Need an iPhone Moment? Take a Bite Into the History of Apple